Insider Buying: Majestic Wine PLC (WINE) Insider Buys 1,041 Shares of Stock
Majestic Wine PLC (LON:WINE) insider Derek Hardy acquired 1,041 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was bought at an average cost of GBX 288 ($3.60) per share, with a total value of £2,998.08 ($3,745.73).
Majestic Wine PLC (LON:WINE) opened at 283.75 on Wednesday. The firm’s market capitalization is GBX 200.76 million. The firm has a 50-day moving average of GBX 293.70 and a 200 day moving average of GBX 381.73. Majestic Wine PLC has a 12 month low of GBX 273.25 and a 12 month high of GBX 485.00.
The firm also recently disclosed a dividend, which will be paid on Friday, December 23rd. Stockholders of record on Thursday, November 24th will be paid a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, November 24th.
Several equities analysts recently commented on WINE shares. Peel Hunt reissued a “buy” rating and issued a GBX 440 ($5.50) price objective on shares of Majestic Wine PLC in a research note on Tuesday, October 4th. Canaccord Genuity decreased their price target on shares of Majestic Wine PLC from GBX 350 ($4.37) to GBX 290 ($3.62) and set a “sell” rating for the company in a research report on Thursday, September 29th. Panmure Gordon restated a “hold” rating and issued a GBX 320 ($4.00) price target on shares of Majestic Wine PLC in a research report on Thursday, November 17th. Liberum Capital decreased their price target on shares of Majestic Wine PLC from GBX 415 ($5.18) to GBX 380 ($4.75) and set a “buy” rating for the company in a research report on Monday, November 7th. Finally, Investec restated a “buy” rating and issued a GBX 450 ($5.62) price target on shares of Majestic Wine PLC in a research report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 348 ($4.35).
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About Majestic Wine PLC
Majestic Wine plc is a wine retailer. The Company acts as a holding company for its subsidiaries. The Company is engaged in the retailing of wines, beers and spirits. The Company operates through four segments: Retail, Commercial, Naked Wines and Lay & Wheeler. The Retail segment is a customer based wine retailer, selling wine, beer and spirits from stores across the United Kingdom, and online, and also incorporates the Company’s French business.
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